National Affairs (India) Union Government Reviews Economic Performance of FY 2025 India’s GDP growth for FY 2024–25 projected at 7.1%, driven by manufacturing, infrastructure spending, and domestic consumption. Gross Tax Revenue crossed ₹34.8 lakh crore, reflecting improved GST and direct tax compliance. Fiscal deficit contained at 5.6% of GDP, aligning with medium-term fiscal consolidation targets….
National Affairs (India) Union Government Reviews FY 2025–26 Fiscal Position Gross tax collections crossed ₹23.8 lakh crore by December 2025, reflecting a year-on-year growth of approximately 13%. Direct tax collections contributed over 55% of total tax revenue, indicating improved compliance and widening of the tax base. Fiscal deficit stood close to 58% of the Budget…
National Affairs (India) Union Government Reviews Fiscal Consolidation Roadmap The Ministry of Finance reaffirmed its commitment to reduce the fiscal deficit to below 4.5% of GDP by FY 2026. Gross tax revenue collection for FY 2025–26 (till November 2025) crossed ₹21.4 lakh crore, reflecting steady growth in GST and direct taxes. Capital expenditure focus remains…
National Affairs The Union Government of India approved the Phase-II expansion of the PM Gati Shakti National Master Plan, integrating additional 14 infrastructure ministries, raising the total to 44 ministries for unified logistics planning. The Ministry of Rural Development reported that over 9.25 crore households have been provided employment under MGNREGA during FY 2025–26 so…
National Affairs (India) The Government of India approved the National Digital Agriculture Mission (NDAM) Expansion Phase with an additional outlay of ₹9,800 crore, aiming to onboard 6 crore farmers onto AI-based advisory platforms by 2027. The Ministry of Road Transport and Highways inaugurated 12 new National Highway stretches across Uttar Pradesh, Madhya Pradesh, and Maharashtra,…
National Current Affairs 1. Government of India Launches National Digital Credit Framework The Union Government unveiled a comprehensive National Digital Credit Framework to improve credit access for MSMEs, small traders, and self-employed individuals. The framework integrates GST data, bank transaction history, UPI usage, and digital footprints for faster loan approvals. Objective: Strengthen formal credit penetration…
National Current Affairs (India) The Union Government reviewed the progress of the Digital Public Infrastructure expansion with emphasis on Aadhaar-linked service delivery, Direct Benefit Transfer efficiency, and interoperability among government platforms. The Reserve Bank of India highlighted the need for enhanced cyber resilience in banks and NBFCs amid rising digital payment volumes and increasing adoption…
National Affairs (India) The Government of India intensified its focus on infrastructure-led growth, with multiple highway, railway and logistics park projects reviewed under the PM Gati Shakti framework. The Ministry of Home Affairs strengthened border management and internal security mechanisms, particularly in sensitive regions, through technology-driven surveillance and coordination initiatives. India’s renewable energy capacity continued…
National Affairs (India) The Government of India reviewed the progress of the National Infrastructure Pipeline, focusing on accelerating projects in logistics, renewable energy, highways, and urban infrastructure to boost economic growth and employment. The Ministry of Education launched a nationwide digital skill enhancement initiative aimed at improving AI, cybersecurity, and data analytics competencies among university…
1. Banking & Financial Sector The Reserve Bank of India (RBI) released data for October 2025 showing that bank credit growth decelerated to 11.3% year-on-year while deposit growth rose to 9.7% year-on-year. Total bank credit outstanding as of 31 October stood around ₹193.9 lakh crore and total deposits about ₹241.7 lakh crore – signalling a…
